Which of the Following BI Functionalities Would You Use to Assess

question 34

Multiple Choice

Which of the following BI functionalities would you use to assess how customers would respond to a price change in your product?

• A)Paramaterized reports
• B)Predictive analytics
• C)Ad hoc queries
• D)Production reports

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Definitions:

Frequency

In general terms, the rate at which something occurs over a particular period of time or in a given sample.

Actor-observer Bias

A cognitive bias that affects the way we attribute causes to our own behaviors versus those of others, often attributing our own actions to situational factors while attributing others' actions to their personality or character.

Self-serving Bias

Self-serving bias is a common cognitive bias that leads individuals to attribute their successes to internal factors while attributing failures to external factors, protecting self-esteem.

Recency Effect

The phenomenon of better remembering the most recent information presented in a series of data or events.